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 Page 1


General Awareness
1.1) Which of the following e-portal would be
launched to empower citizens to skill, reskill or
upskill through online training?
A) DESH-Stack e-portal
B) SHAKTI e-portal
C) BHARAT e-portal
D) SHAKSHAM e-portal
E) DESH-skill e-portal
1.2) As per the Union Budget 2022, how many crore
has been made to cover 3.8 crore households in
2022-23 under Har Ghar, Nal Se Jal Scheme?
A) 100,000 crore
B) 20,000 crore
C) 50,000 crore
D) 60,000 crore
E) 30,000 crore
1.3) As per the Ministry of Finance, what was the
Goods and Services T ax (GST) collections for the
month of May 2022?
A) Rs 1.31 lakh crore
B) Rs 1.41 lakh crore
C) Rs 1.51 lakh crore
D) Rs 1.61 lakh crore
E) Rs 1.71 lakh crore
1.4) What is the amount allocated for the Pradhan
Mantri Kisan Samman Nidhi (PM-Kisan) in the Union
Budget 2022-23?
A) Rs 60,000 crore B) Rs 62,000 crore
C) Rs 65,000 crore D) Rs 68,000 crore
E) Rs 70,000 crore
1.5) Which of the following statements about  PM
SVANidhi Scheme is correct?
A) This scheme was launched by the Ministry of
Finance.
B) It was launched on April 1,2020.
C) Vendors can avail a working capital loan of up to
Rs. 100000 which is repayable in monthly
installments in the tenure of one year.
D) There will be no penalty on early repayment of
loan.
E) The scheme promotes digital transactions through
cash back incentives up to an amount of Rs. 1000
per month
1.6) As per the Union Budget 2022, Udyam, e-
shram, National Career Service and Atma Nirbhar
Skilled Employee Employer Mapping (ASEEM) portals
to be interlinked. These portals are related to which
of the following ministry?
A) Ministry of Skill Development and
Entrepreneurship
B) Ministry of Finance
C) Ministry of Commerce and Indsutry
D) Ministry of Micro, Small and Medium Enterprises
E) Ministry of Corporate A?airs
1.7) Sagarmala is a central government programme,
that has been  enhanced the estimated cost of
around  to________for development of 1,537 projects
in the country
A) Rs 3.5 lakh crore
B) Rs 4.5 lakh crore
C) Rs 7.5 lakh crore
D) Rs 5.5 lakh crore
E) Rs 6.5 lakh crore
1.8) Ministry of Culture and Ministry of T extiles are
organizing “Jharokha-Compendium of Indian
handicraft/ handloom, art, and culture”. It will be
held at 16 locations in how many states and UT s?
A) 9 B) 11 C) 13 D) 15 E) 8
1.9) Which union minister has launched a  90-day
campaign  ‘Azadi Se Antyodaya T ak’ on 28 April
2022?
A) Narayan Rane B) Giriraj Singh
C) Ashwini Vaishnaw D) Nitin Gadkari
E) Narendra Modi
1.10) Which among the following is true with respect
to the One Nation One Ration Card Scheme?
I. The bene?ciary will be able to buy
subsidized foodgrains from any FPS across the
country.
II. The bene?ciary will be able to buy
foodgrains free of cost from any FPS
across the country.
III. Based on a technological solution, a
bene?ciary will be identi?ed through biometric
authentication.
A) Only I B) Only II
C) Only III D) Both II and III
E) Both I and III
1.11)
Amid a sharp increase in global fertilizer prices,
Finance Minister Nirmala Sitharaman announced that
the government will provide an additional fertilizer
subsidy to farmers to help them cope with the price
increase. With this, the government's total fertilizer
RBI GRADE B PHASE I 2022 QUESTION PAPER WITH 
SOLUTIONS
Page 2


General Awareness
1.1) Which of the following e-portal would be
launched to empower citizens to skill, reskill or
upskill through online training?
A) DESH-Stack e-portal
B) SHAKTI e-portal
C) BHARAT e-portal
D) SHAKSHAM e-portal
E) DESH-skill e-portal
1.2) As per the Union Budget 2022, how many crore
has been made to cover 3.8 crore households in
2022-23 under Har Ghar, Nal Se Jal Scheme?
A) 100,000 crore
B) 20,000 crore
C) 50,000 crore
D) 60,000 crore
E) 30,000 crore
1.3) As per the Ministry of Finance, what was the
Goods and Services T ax (GST) collections for the
month of May 2022?
A) Rs 1.31 lakh crore
B) Rs 1.41 lakh crore
C) Rs 1.51 lakh crore
D) Rs 1.61 lakh crore
E) Rs 1.71 lakh crore
1.4) What is the amount allocated for the Pradhan
Mantri Kisan Samman Nidhi (PM-Kisan) in the Union
Budget 2022-23?
A) Rs 60,000 crore B) Rs 62,000 crore
C) Rs 65,000 crore D) Rs 68,000 crore
E) Rs 70,000 crore
1.5) Which of the following statements about  PM
SVANidhi Scheme is correct?
A) This scheme was launched by the Ministry of
Finance.
B) It was launched on April 1,2020.
C) Vendors can avail a working capital loan of up to
Rs. 100000 which is repayable in monthly
installments in the tenure of one year.
D) There will be no penalty on early repayment of
loan.
E) The scheme promotes digital transactions through
cash back incentives up to an amount of Rs. 1000
per month
1.6) As per the Union Budget 2022, Udyam, e-
shram, National Career Service and Atma Nirbhar
Skilled Employee Employer Mapping (ASEEM) portals
to be interlinked. These portals are related to which
of the following ministry?
A) Ministry of Skill Development and
Entrepreneurship
B) Ministry of Finance
C) Ministry of Commerce and Indsutry
D) Ministry of Micro, Small and Medium Enterprises
E) Ministry of Corporate A?airs
1.7) Sagarmala is a central government programme,
that has been  enhanced the estimated cost of
around  to________for development of 1,537 projects
in the country
A) Rs 3.5 lakh crore
B) Rs 4.5 lakh crore
C) Rs 7.5 lakh crore
D) Rs 5.5 lakh crore
E) Rs 6.5 lakh crore
1.8) Ministry of Culture and Ministry of T extiles are
organizing “Jharokha-Compendium of Indian
handicraft/ handloom, art, and culture”. It will be
held at 16 locations in how many states and UT s?
A) 9 B) 11 C) 13 D) 15 E) 8
1.9) Which union minister has launched a  90-day
campaign  ‘Azadi Se Antyodaya T ak’ on 28 April
2022?
A) Narayan Rane B) Giriraj Singh
C) Ashwini Vaishnaw D) Nitin Gadkari
E) Narendra Modi
1.10) Which among the following is true with respect
to the One Nation One Ration Card Scheme?
I. The bene?ciary will be able to buy
subsidized foodgrains from any FPS across the
country.
II. The bene?ciary will be able to buy
foodgrains free of cost from any FPS
across the country.
III. Based on a technological solution, a
bene?ciary will be identi?ed through biometric
authentication.
A) Only I B) Only II
C) Only III D) Both II and III
E) Both I and III
1.11)
Amid a sharp increase in global fertilizer prices,
Finance Minister Nirmala Sitharaman announced that
the government will provide an additional fertilizer
subsidy to farmers to help them cope with the price
increase. With this, the government's total fertilizer
RBI GRADE B PHASE I 2022 QUESTION PAPER WITH 
SOLUTIONS
subsidy is expected to reach _____________in the
current ?scal year 2022-23.
A) Rs 1.15 lakh crore
B) Rs 1.50 lakh crore
C) Rs 3.15 lakh crore
D) Rs 2.15 lakh crore
E) None of the above
1.12) Consider the following statements
regarding  negative yield bonds. 1.  These are debt
instruments that o?er to pay the investor a maturity
amount lower than the purchase price of the bond. 2.
It can be issued by Government only. 3. Investors
pay interest to the borrower to keep their money
with them. Which of the statements given above
is/are correct?
A) 1 and 2 only B) 1 and 3 only
C) 1, 2 and 3 D) 3 only
E) 2 only
1.13) Which of the following is the ?rst country to
adopt UPI standards for its QR deployment, and the
?rst country in our immediate neighbourhood to
accept mobile-based payments through the BHIM
App?
A) Bangladesh B) Nepal
C) Bhutan D) Myanmar
E) None of these
1.14) The government has approved  the launch
of Bharat Bond Exchange Traded Fund (ETF) in order
to allow the investors to buy government debts.
Which of the following statement is not true
regarding Bharat Bond ETF? (Dec 2019)
A) It is India’s ?rst corporate bond exchange traded
fund
B) An Exchange-Traded Fund (ETF) is a basket of
securities that trade on an exchange, just like a
stock.
C) Each ETF will have a ?xed maturity date and
initially, they will be issued in two series, of 3 years
and 5 years
D) The small unit size of the ETF is Rs.1,000
E) None of the above
1.15) Who among the followings has been appointed
as the President of the Financial Action T ask Force
(FATF) in March 2022?
A) Roger Wilkins B) Santiago Otamendi
C) Juan Manuel Vega-
Serrano
D) T Raja Kumar
E) Neeli Bendapudi
1.16) Recently in May, India has signed a Joint
Declaration of Intent (JDI) on Forest Landscape
Restoration with _____________. 
A) Germany B) Australia
C) Bhutan D) Nepal
E) Bangladesh
1.17) Debt Recovery Tribunals which were set up
after the passing of Recovery of Debts due to Banks
and Financial Institutions Act (RDBBFI), 1993. This
Act was amended in?
A) 2016 B) 2014 C) 2015 D) 2017 E) 2018
1.18) The Reserve Bank has announced a hike in
cash reserve ratio (CRR) by 50 basis points to
________ per cent, e?ective May 21, 2022.
A) 3.5% B) 4% C) 4.5% D) 5% E) 3.9%
1.19) Consider the following statements with
reference to Organisation for Economic Co-operation
and Development (OECD): 1.  OECD is an o?cial
Permanent observer to the United Nations and is
referred to as a think-tank or as a monitoring group.
2. India is not a member of OECD. 3. OECD is funded
by its member countries. Which of the statement
given above is/ are correct?
A) 1 only B) 1 and 2 only
C) 2 and 3 only D) 1, 2 and 3
E) 2 only
1.20) Which of the statement regarding EPFO is
correct?
1. The Employees' Provident Fund 
Organization (EPFO) has set the interest rate 
on Provident Fund Deposits for 2021-22 at 
8.1%, down from 8.5% in the previous ?scal 
year 2020-21
2. The EPFO provides the rate of interest only 
after it has been rati?ed by the government 
through the Finance Ministry
3. It comes under the purview of the Ministry 
of Labour and Employment.
A) 1& 2 are cofrrect B) 2 & 3 are correct
C) only 1 is correct D) all are correct
E) none of the above
1.21) Consider the following with respect to Atal
Pension Yojana, 1. It mainly focused on providing old
age security to the unorganized workers who are not
covered under any of the social security schemes. 2.
Contributions to the Atal Pension Yojana (APY) are
eligible for tax bene?ts similar to the National
Pension System (NPS). 3. Any individual aged
between 18 years to 40 years and have a bank
account are eligible for the scheme. Select the
correct answer using the codes below.
A) 1 and 3 only B) 2 and 3 only
C) 1 and 2 only D) Only 1
E) All of the above
Page 3


General Awareness
1.1) Which of the following e-portal would be
launched to empower citizens to skill, reskill or
upskill through online training?
A) DESH-Stack e-portal
B) SHAKTI e-portal
C) BHARAT e-portal
D) SHAKSHAM e-portal
E) DESH-skill e-portal
1.2) As per the Union Budget 2022, how many crore
has been made to cover 3.8 crore households in
2022-23 under Har Ghar, Nal Se Jal Scheme?
A) 100,000 crore
B) 20,000 crore
C) 50,000 crore
D) 60,000 crore
E) 30,000 crore
1.3) As per the Ministry of Finance, what was the
Goods and Services T ax (GST) collections for the
month of May 2022?
A) Rs 1.31 lakh crore
B) Rs 1.41 lakh crore
C) Rs 1.51 lakh crore
D) Rs 1.61 lakh crore
E) Rs 1.71 lakh crore
1.4) What is the amount allocated for the Pradhan
Mantri Kisan Samman Nidhi (PM-Kisan) in the Union
Budget 2022-23?
A) Rs 60,000 crore B) Rs 62,000 crore
C) Rs 65,000 crore D) Rs 68,000 crore
E) Rs 70,000 crore
1.5) Which of the following statements about  PM
SVANidhi Scheme is correct?
A) This scheme was launched by the Ministry of
Finance.
B) It was launched on April 1,2020.
C) Vendors can avail a working capital loan of up to
Rs. 100000 which is repayable in monthly
installments in the tenure of one year.
D) There will be no penalty on early repayment of
loan.
E) The scheme promotes digital transactions through
cash back incentives up to an amount of Rs. 1000
per month
1.6) As per the Union Budget 2022, Udyam, e-
shram, National Career Service and Atma Nirbhar
Skilled Employee Employer Mapping (ASEEM) portals
to be interlinked. These portals are related to which
of the following ministry?
A) Ministry of Skill Development and
Entrepreneurship
B) Ministry of Finance
C) Ministry of Commerce and Indsutry
D) Ministry of Micro, Small and Medium Enterprises
E) Ministry of Corporate A?airs
1.7) Sagarmala is a central government programme,
that has been  enhanced the estimated cost of
around  to________for development of 1,537 projects
in the country
A) Rs 3.5 lakh crore
B) Rs 4.5 lakh crore
C) Rs 7.5 lakh crore
D) Rs 5.5 lakh crore
E) Rs 6.5 lakh crore
1.8) Ministry of Culture and Ministry of T extiles are
organizing “Jharokha-Compendium of Indian
handicraft/ handloom, art, and culture”. It will be
held at 16 locations in how many states and UT s?
A) 9 B) 11 C) 13 D) 15 E) 8
1.9) Which union minister has launched a  90-day
campaign  ‘Azadi Se Antyodaya T ak’ on 28 April
2022?
A) Narayan Rane B) Giriraj Singh
C) Ashwini Vaishnaw D) Nitin Gadkari
E) Narendra Modi
1.10) Which among the following is true with respect
to the One Nation One Ration Card Scheme?
I. The bene?ciary will be able to buy
subsidized foodgrains from any FPS across the
country.
II. The bene?ciary will be able to buy
foodgrains free of cost from any FPS
across the country.
III. Based on a technological solution, a
bene?ciary will be identi?ed through biometric
authentication.
A) Only I B) Only II
C) Only III D) Both II and III
E) Both I and III
1.11)
Amid a sharp increase in global fertilizer prices,
Finance Minister Nirmala Sitharaman announced that
the government will provide an additional fertilizer
subsidy to farmers to help them cope with the price
increase. With this, the government's total fertilizer
RBI GRADE B PHASE I 2022 QUESTION PAPER WITH 
SOLUTIONS
subsidy is expected to reach _____________in the
current ?scal year 2022-23.
A) Rs 1.15 lakh crore
B) Rs 1.50 lakh crore
C) Rs 3.15 lakh crore
D) Rs 2.15 lakh crore
E) None of the above
1.12) Consider the following statements
regarding  negative yield bonds. 1.  These are debt
instruments that o?er to pay the investor a maturity
amount lower than the purchase price of the bond. 2.
It can be issued by Government only. 3. Investors
pay interest to the borrower to keep their money
with them. Which of the statements given above
is/are correct?
A) 1 and 2 only B) 1 and 3 only
C) 1, 2 and 3 D) 3 only
E) 2 only
1.13) Which of the following is the ?rst country to
adopt UPI standards for its QR deployment, and the
?rst country in our immediate neighbourhood to
accept mobile-based payments through the BHIM
App?
A) Bangladesh B) Nepal
C) Bhutan D) Myanmar
E) None of these
1.14) The government has approved  the launch
of Bharat Bond Exchange Traded Fund (ETF) in order
to allow the investors to buy government debts.
Which of the following statement is not true
regarding Bharat Bond ETF? (Dec 2019)
A) It is India’s ?rst corporate bond exchange traded
fund
B) An Exchange-Traded Fund (ETF) is a basket of
securities that trade on an exchange, just like a
stock.
C) Each ETF will have a ?xed maturity date and
initially, they will be issued in two series, of 3 years
and 5 years
D) The small unit size of the ETF is Rs.1,000
E) None of the above
1.15) Who among the followings has been appointed
as the President of the Financial Action T ask Force
(FATF) in March 2022?
A) Roger Wilkins B) Santiago Otamendi
C) Juan Manuel Vega-
Serrano
D) T Raja Kumar
E) Neeli Bendapudi
1.16) Recently in May, India has signed a Joint
Declaration of Intent (JDI) on Forest Landscape
Restoration with _____________. 
A) Germany B) Australia
C) Bhutan D) Nepal
E) Bangladesh
1.17) Debt Recovery Tribunals which were set up
after the passing of Recovery of Debts due to Banks
and Financial Institutions Act (RDBBFI), 1993. This
Act was amended in?
A) 2016 B) 2014 C) 2015 D) 2017 E) 2018
1.18) The Reserve Bank has announced a hike in
cash reserve ratio (CRR) by 50 basis points to
________ per cent, e?ective May 21, 2022.
A) 3.5% B) 4% C) 4.5% D) 5% E) 3.9%
1.19) Consider the following statements with
reference to Organisation for Economic Co-operation
and Development (OECD): 1.  OECD is an o?cial
Permanent observer to the United Nations and is
referred to as a think-tank or as a monitoring group.
2. India is not a member of OECD. 3. OECD is funded
by its member countries. Which of the statement
given above is/ are correct?
A) 1 only B) 1 and 2 only
C) 2 and 3 only D) 1, 2 and 3
E) 2 only
1.20) Which of the statement regarding EPFO is
correct?
1. The Employees' Provident Fund 
Organization (EPFO) has set the interest rate 
on Provident Fund Deposits for 2021-22 at 
8.1%, down from 8.5% in the previous ?scal 
year 2020-21
2. The EPFO provides the rate of interest only 
after it has been rati?ed by the government 
through the Finance Ministry
3. It comes under the purview of the Ministry 
of Labour and Employment.
A) 1& 2 are cofrrect B) 2 & 3 are correct
C) only 1 is correct D) all are correct
E) none of the above
1.21) Consider the following with respect to Atal
Pension Yojana, 1. It mainly focused on providing old
age security to the unorganized workers who are not
covered under any of the social security schemes. 2.
Contributions to the Atal Pension Yojana (APY) are
eligible for tax bene?ts similar to the National
Pension System (NPS). 3. Any individual aged
between 18 years to 40 years and have a bank
account are eligible for the scheme. Select the
correct answer using the codes below.
A) 1 and 3 only B) 2 and 3 only
C) 1 and 2 only D) Only 1
E) All of the above
1.22) Which of the following statements are correct 
regarding RBI's 1st bi-monthly monetary policy of 
2022-23 ?
1. India's gross domestic Product (GDP) 
growth at 7.4% for the FY23 
2. RBI has also hiked its Consumer Price Index 
(CPI) based in?ation forecast for FY23 to 5.7% 
3. This projection is on an assumption of crude 
oil (Indian basket) at $100 per barrel during 
FY23 and supply chain disruptions due to the 
ongoing Russia-Ukraine war 
A) Only 1 & 2 are correct
B) only 2 is correct
C) Only 2 & 3 are correct
D) Only 1 & 3 is correct 
E) all are correct
1.23) Parliament passed the Deposit Insurance and
Credit Guarantee Corporation (Amendment) Bill,
2021 ensuring that account holders get up to
________ within 90 days of the RBI imposing a
moratorium on the banks.
A) Rs. 15 lakh B) Rs. 10 lakh
C) Rs. 5 lakh D) Rs. 2 lakh
E) Rs. 12 lakh
1.24) Which of the following does not form the part
of the important information to be incorporated in
the Memorandum of Association as speci?ed in the
Companies Act, 2013 ?
A) The name of the company and the state in which
it is situated.
B) The objects for which the company is proposed to
be incorporated.
C) The rules, regulations and bye-laws for the
internal management of the company.
D) The liability of the members of the company,
whether limited or unlimited.
E) None of these
1.25) With reference to the National Monetisation
pipeline (NMP), consider the following statements.
1.  It is an e?ort to list out the government’s
infrastructure assets to be sold over the next four
years. 2. Currently, only assets of central
government line ministries and CPSEs in
infrastructure sectors have been included.
3.  Monetization through disinvestment and
monetization of non-core assets is also  included in
the NMP. Which of the statements given above is/are
correct?
A) 1 and 2 only B) 2 and 3 only
C) 1, 2 and 3  D) 1 and 3 only
E)  3 only
1.26) The Financial Stability Board (FSB), an
international body is hosted and funded by the
________.
A) International Monetary Fund
B) World Bank
C) Bank for International Settlements
D) Federal Reserve System
E) International Development Association
1.27) Which of the following statements is NOT true
regarding capital expenditure(s)?
A) Capital expenditure is transferred to trading and
pro?t and loss account.
B) Capital expenditures are spread over more than
one accounting period.
C) Capital expenditure bene?ts more than one
accounting year.
D) Capital expenditure is incurred to acquire ?xed
assets for operation of business.
E) All of the above
1.28) Paytm is the second-largest ?ntech IPO of
2021 globally, after Allfunds. What is the name of
parent company of Patym?
A) Alphabet Inc. B) Bundl T echnologies
C) One97 CommunicationsD) Beats Electronics
E) Exor
1.29) What is true about regional rural bank (RRB)
A) Created under the Banking Regulation Act, 1949.
B) It is owned by RBI and the Government of India.
C) Regional Rural banks caters to priority sector
lending only.
D) Main objective to develop rural economy by
providing credit facilities for the purpose of
development of agriculture, trade, commerce,
industry and other productive activities in the rural
areas.
E) All of these are correct
1.30) Which of the following bank has partnered
with TCS  T o Accelerate Its Digital Transformation?  
A) PNB B) ICICI C) HDFC D) SBI E) UBI
1.31) Which of the sector has emerged as the
largest producing sectors in India.
A) T ertiary sector B) Primary sector
C) Secondary sector D) None of these
E) Both 1 and 2
1.32) Who has announced that ‘Kavach’ System, the
anti-collision test conducted by the Indian Railways
to check the indigenous developed system to avoid
rail accidents is successful?
A) Ashwini Vaishnaw B) Rajeev Chandrasekhar
C) Nitin Gadkari D) Ravi Shankar Prasad
E) Narendra Modi
Page 4


General Awareness
1.1) Which of the following e-portal would be
launched to empower citizens to skill, reskill or
upskill through online training?
A) DESH-Stack e-portal
B) SHAKTI e-portal
C) BHARAT e-portal
D) SHAKSHAM e-portal
E) DESH-skill e-portal
1.2) As per the Union Budget 2022, how many crore
has been made to cover 3.8 crore households in
2022-23 under Har Ghar, Nal Se Jal Scheme?
A) 100,000 crore
B) 20,000 crore
C) 50,000 crore
D) 60,000 crore
E) 30,000 crore
1.3) As per the Ministry of Finance, what was the
Goods and Services T ax (GST) collections for the
month of May 2022?
A) Rs 1.31 lakh crore
B) Rs 1.41 lakh crore
C) Rs 1.51 lakh crore
D) Rs 1.61 lakh crore
E) Rs 1.71 lakh crore
1.4) What is the amount allocated for the Pradhan
Mantri Kisan Samman Nidhi (PM-Kisan) in the Union
Budget 2022-23?
A) Rs 60,000 crore B) Rs 62,000 crore
C) Rs 65,000 crore D) Rs 68,000 crore
E) Rs 70,000 crore
1.5) Which of the following statements about  PM
SVANidhi Scheme is correct?
A) This scheme was launched by the Ministry of
Finance.
B) It was launched on April 1,2020.
C) Vendors can avail a working capital loan of up to
Rs. 100000 which is repayable in monthly
installments in the tenure of one year.
D) There will be no penalty on early repayment of
loan.
E) The scheme promotes digital transactions through
cash back incentives up to an amount of Rs. 1000
per month
1.6) As per the Union Budget 2022, Udyam, e-
shram, National Career Service and Atma Nirbhar
Skilled Employee Employer Mapping (ASEEM) portals
to be interlinked. These portals are related to which
of the following ministry?
A) Ministry of Skill Development and
Entrepreneurship
B) Ministry of Finance
C) Ministry of Commerce and Indsutry
D) Ministry of Micro, Small and Medium Enterprises
E) Ministry of Corporate A?airs
1.7) Sagarmala is a central government programme,
that has been  enhanced the estimated cost of
around  to________for development of 1,537 projects
in the country
A) Rs 3.5 lakh crore
B) Rs 4.5 lakh crore
C) Rs 7.5 lakh crore
D) Rs 5.5 lakh crore
E) Rs 6.5 lakh crore
1.8) Ministry of Culture and Ministry of T extiles are
organizing “Jharokha-Compendium of Indian
handicraft/ handloom, art, and culture”. It will be
held at 16 locations in how many states and UT s?
A) 9 B) 11 C) 13 D) 15 E) 8
1.9) Which union minister has launched a  90-day
campaign  ‘Azadi Se Antyodaya T ak’ on 28 April
2022?
A) Narayan Rane B) Giriraj Singh
C) Ashwini Vaishnaw D) Nitin Gadkari
E) Narendra Modi
1.10) Which among the following is true with respect
to the One Nation One Ration Card Scheme?
I. The bene?ciary will be able to buy
subsidized foodgrains from any FPS across the
country.
II. The bene?ciary will be able to buy
foodgrains free of cost from any FPS
across the country.
III. Based on a technological solution, a
bene?ciary will be identi?ed through biometric
authentication.
A) Only I B) Only II
C) Only III D) Both II and III
E) Both I and III
1.11)
Amid a sharp increase in global fertilizer prices,
Finance Minister Nirmala Sitharaman announced that
the government will provide an additional fertilizer
subsidy to farmers to help them cope with the price
increase. With this, the government's total fertilizer
RBI GRADE B PHASE I 2022 QUESTION PAPER WITH 
SOLUTIONS
subsidy is expected to reach _____________in the
current ?scal year 2022-23.
A) Rs 1.15 lakh crore
B) Rs 1.50 lakh crore
C) Rs 3.15 lakh crore
D) Rs 2.15 lakh crore
E) None of the above
1.12) Consider the following statements
regarding  negative yield bonds. 1.  These are debt
instruments that o?er to pay the investor a maturity
amount lower than the purchase price of the bond. 2.
It can be issued by Government only. 3. Investors
pay interest to the borrower to keep their money
with them. Which of the statements given above
is/are correct?
A) 1 and 2 only B) 1 and 3 only
C) 1, 2 and 3 D) 3 only
E) 2 only
1.13) Which of the following is the ?rst country to
adopt UPI standards for its QR deployment, and the
?rst country in our immediate neighbourhood to
accept mobile-based payments through the BHIM
App?
A) Bangladesh B) Nepal
C) Bhutan D) Myanmar
E) None of these
1.14) The government has approved  the launch
of Bharat Bond Exchange Traded Fund (ETF) in order
to allow the investors to buy government debts.
Which of the following statement is not true
regarding Bharat Bond ETF? (Dec 2019)
A) It is India’s ?rst corporate bond exchange traded
fund
B) An Exchange-Traded Fund (ETF) is a basket of
securities that trade on an exchange, just like a
stock.
C) Each ETF will have a ?xed maturity date and
initially, they will be issued in two series, of 3 years
and 5 years
D) The small unit size of the ETF is Rs.1,000
E) None of the above
1.15) Who among the followings has been appointed
as the President of the Financial Action T ask Force
(FATF) in March 2022?
A) Roger Wilkins B) Santiago Otamendi
C) Juan Manuel Vega-
Serrano
D) T Raja Kumar
E) Neeli Bendapudi
1.16) Recently in May, India has signed a Joint
Declaration of Intent (JDI) on Forest Landscape
Restoration with _____________. 
A) Germany B) Australia
C) Bhutan D) Nepal
E) Bangladesh
1.17) Debt Recovery Tribunals which were set up
after the passing of Recovery of Debts due to Banks
and Financial Institutions Act (RDBBFI), 1993. This
Act was amended in?
A) 2016 B) 2014 C) 2015 D) 2017 E) 2018
1.18) The Reserve Bank has announced a hike in
cash reserve ratio (CRR) by 50 basis points to
________ per cent, e?ective May 21, 2022.
A) 3.5% B) 4% C) 4.5% D) 5% E) 3.9%
1.19) Consider the following statements with
reference to Organisation for Economic Co-operation
and Development (OECD): 1.  OECD is an o?cial
Permanent observer to the United Nations and is
referred to as a think-tank or as a monitoring group.
2. India is not a member of OECD. 3. OECD is funded
by its member countries. Which of the statement
given above is/ are correct?
A) 1 only B) 1 and 2 only
C) 2 and 3 only D) 1, 2 and 3
E) 2 only
1.20) Which of the statement regarding EPFO is
correct?
1. The Employees' Provident Fund 
Organization (EPFO) has set the interest rate 
on Provident Fund Deposits for 2021-22 at 
8.1%, down from 8.5% in the previous ?scal 
year 2020-21
2. The EPFO provides the rate of interest only 
after it has been rati?ed by the government 
through the Finance Ministry
3. It comes under the purview of the Ministry 
of Labour and Employment.
A) 1& 2 are cofrrect B) 2 & 3 are correct
C) only 1 is correct D) all are correct
E) none of the above
1.21) Consider the following with respect to Atal
Pension Yojana, 1. It mainly focused on providing old
age security to the unorganized workers who are not
covered under any of the social security schemes. 2.
Contributions to the Atal Pension Yojana (APY) are
eligible for tax bene?ts similar to the National
Pension System (NPS). 3. Any individual aged
between 18 years to 40 years and have a bank
account are eligible for the scheme. Select the
correct answer using the codes below.
A) 1 and 3 only B) 2 and 3 only
C) 1 and 2 only D) Only 1
E) All of the above
1.22) Which of the following statements are correct 
regarding RBI's 1st bi-monthly monetary policy of 
2022-23 ?
1. India's gross domestic Product (GDP) 
growth at 7.4% for the FY23 
2. RBI has also hiked its Consumer Price Index 
(CPI) based in?ation forecast for FY23 to 5.7% 
3. This projection is on an assumption of crude 
oil (Indian basket) at $100 per barrel during 
FY23 and supply chain disruptions due to the 
ongoing Russia-Ukraine war 
A) Only 1 & 2 are correct
B) only 2 is correct
C) Only 2 & 3 are correct
D) Only 1 & 3 is correct 
E) all are correct
1.23) Parliament passed the Deposit Insurance and
Credit Guarantee Corporation (Amendment) Bill,
2021 ensuring that account holders get up to
________ within 90 days of the RBI imposing a
moratorium on the banks.
A) Rs. 15 lakh B) Rs. 10 lakh
C) Rs. 5 lakh D) Rs. 2 lakh
E) Rs. 12 lakh
1.24) Which of the following does not form the part
of the important information to be incorporated in
the Memorandum of Association as speci?ed in the
Companies Act, 2013 ?
A) The name of the company and the state in which
it is situated.
B) The objects for which the company is proposed to
be incorporated.
C) The rules, regulations and bye-laws for the
internal management of the company.
D) The liability of the members of the company,
whether limited or unlimited.
E) None of these
1.25) With reference to the National Monetisation
pipeline (NMP), consider the following statements.
1.  It is an e?ort to list out the government’s
infrastructure assets to be sold over the next four
years. 2. Currently, only assets of central
government line ministries and CPSEs in
infrastructure sectors have been included.
3.  Monetization through disinvestment and
monetization of non-core assets is also  included in
the NMP. Which of the statements given above is/are
correct?
A) 1 and 2 only B) 2 and 3 only
C) 1, 2 and 3  D) 1 and 3 only
E)  3 only
1.26) The Financial Stability Board (FSB), an
international body is hosted and funded by the
________.
A) International Monetary Fund
B) World Bank
C) Bank for International Settlements
D) Federal Reserve System
E) International Development Association
1.27) Which of the following statements is NOT true
regarding capital expenditure(s)?
A) Capital expenditure is transferred to trading and
pro?t and loss account.
B) Capital expenditures are spread over more than
one accounting period.
C) Capital expenditure bene?ts more than one
accounting year.
D) Capital expenditure is incurred to acquire ?xed
assets for operation of business.
E) All of the above
1.28) Paytm is the second-largest ?ntech IPO of
2021 globally, after Allfunds. What is the name of
parent company of Patym?
A) Alphabet Inc. B) Bundl T echnologies
C) One97 CommunicationsD) Beats Electronics
E) Exor
1.29) What is true about regional rural bank (RRB)
A) Created under the Banking Regulation Act, 1949.
B) It is owned by RBI and the Government of India.
C) Regional Rural banks caters to priority sector
lending only.
D) Main objective to develop rural economy by
providing credit facilities for the purpose of
development of agriculture, trade, commerce,
industry and other productive activities in the rural
areas.
E) All of these are correct
1.30) Which of the following bank has partnered
with TCS  T o Accelerate Its Digital Transformation?  
A) PNB B) ICICI C) HDFC D) SBI E) UBI
1.31) Which of the sector has emerged as the
largest producing sectors in India.
A) T ertiary sector B) Primary sector
C) Secondary sector D) None of these
E) Both 1 and 2
1.32) Who has announced that ‘Kavach’ System, the
anti-collision test conducted by the Indian Railways
to check the indigenous developed system to avoid
rail accidents is successful?
A) Ashwini Vaishnaw B) Rajeev Chandrasekhar
C) Nitin Gadkari D) Ravi Shankar Prasad
E) Narendra Modi
1.33) Currently, __________ Khadi Gramodyoga
Samyukta Sangha is the only unit in India that is
authorized to manufacture and supply the Flag of
India.
A) Madhya Pradesh B) Uttar Pradesh
C) Maharashtra D) Karnataka
E) Kerala
1.34) A Large Area Soft X-ray Spectrometer (CLASS),
a payload on-board which Orbiter, has detected solar
proton events which signi?cantly increase the
radiation exposure to humans in space?
A) Mangalyaan 2 B) Shukrayaan-1
C) Aditya-L1 D) Chandrayaan-2
E) Gaganyaan-2
1.35) BIMSTEC was formed on which date?
A) 6th June 1997 B) 6th June 1987
C) 6th June 1977 D) 6th June 1967
E) 6th June 1998
1.36) Cyclone ‘Asani’ was recently seen in news. The
name ‘Asani’ is given by which country?
A) Bhutan B) Nepal
C) Sri Lanka D) Pakistan
E) England
1.37) Wings India 2022, Asia's largest event on civil
aviation recently concluded in Hyderabad. Which of
the following airport won the "Aviation Sustainability
& Environment" category? 
A) Sardar Vallabh Bhai Patel International Airport,
Ahmedabad
B) Veer Savarkar International Airport, Port Blair
C) GMR Hyderabad International Airport, Hyderabad
D) Kempegowda International Airport
E) Chhatarpati Shivaji Maharaj International Airport,
Mumbai
1.38) The currency exchange rate system in which
the exchange rate is determined by demand and
supply of currency in the foreign exchange market is
called 
A) Fixed exchange rate
B) Managed exchange rate 
C) Flexible exchange rate 
D) Dual Exchange rate
E) Flexible Variable rate 
1.39) Who won a gold medal in the ?nals of the 50-
metre ri?e three positions event at the Khelo India
University Games in Bengaluru?
A) Aryan Panchal
B) Sartaj Singh Tiwana
C) Govind Sunil Mahajan
D) Mandeep Singh
E) Surinder Singh
1.40) Who has been appointed as the ?rst-ever
Chief T echnology O?cer (CTO) of the Central
Intelligence Agency (CIA)?
A) Dinesh Prasad Saklani 
B) Ravinder S. Bhalla 
C) Nimi McConigley
D) Nand Mulchandani
E) Manoj Ahuja
1.41) Choose the incorrect options regarding
recently launched Laxmanrao Inamdar Fisheries
Incubation Center (LIFIC)?
A) Union Minister of Fisheries, Animal Husbandry, and
Dairying, Parshottam Rupala inaugurated LIFIC
B) The ?rst of its kind center in India, LIFIC was
launched in Gurugram, Haryana. 
C) The ?rst batch of incumbents are selected from 10
states.
D) LIFIC is launched in accordance with Pradhan
Mantri Matsya Sampada Yojana.
E) India is the 4th largest global exporter of ?sh
products.
1.42) In which city, the National Defence University
is located, which was dedicated to the nation by PM
Narendra Modi on 12 March 2022?
A)
Gandhinagar
B)
Pune
C)
Nagpur
D)
Ahmedabad
E)
Mumbai
1.43) In May 2022, ____________ has become the
100th unicorn to emerge from India, marking a
seminal moment for the Indian startup ecosystem.
A) Open
B) Cred
C) Spring Labs
D) Flywire
E) Digit
1.44) When is Coal Miners Day observed annually?
A) 3 May B) 4 May
C) 5 May D) 6 May
E) 7 May
1.45) First World Environment Day (WED) was
celebrated in which year ?
A) 1974 B) 1972
C) 1971 D) 1981
E) 1961
1.46) In December 2021, the central
government's  ?nancial inclusion scheme, Pradhan
Mantri Jan Dhan Yojana (PMJDY), has crossed
the______ mark  with a total balance of ?1,47,812
crore.
A)  24 crore B)  44 crore
C)  34 crore D)  14 crore
Page 5


General Awareness
1.1) Which of the following e-portal would be
launched to empower citizens to skill, reskill or
upskill through online training?
A) DESH-Stack e-portal
B) SHAKTI e-portal
C) BHARAT e-portal
D) SHAKSHAM e-portal
E) DESH-skill e-portal
1.2) As per the Union Budget 2022, how many crore
has been made to cover 3.8 crore households in
2022-23 under Har Ghar, Nal Se Jal Scheme?
A) 100,000 crore
B) 20,000 crore
C) 50,000 crore
D) 60,000 crore
E) 30,000 crore
1.3) As per the Ministry of Finance, what was the
Goods and Services T ax (GST) collections for the
month of May 2022?
A) Rs 1.31 lakh crore
B) Rs 1.41 lakh crore
C) Rs 1.51 lakh crore
D) Rs 1.61 lakh crore
E) Rs 1.71 lakh crore
1.4) What is the amount allocated for the Pradhan
Mantri Kisan Samman Nidhi (PM-Kisan) in the Union
Budget 2022-23?
A) Rs 60,000 crore B) Rs 62,000 crore
C) Rs 65,000 crore D) Rs 68,000 crore
E) Rs 70,000 crore
1.5) Which of the following statements about  PM
SVANidhi Scheme is correct?
A) This scheme was launched by the Ministry of
Finance.
B) It was launched on April 1,2020.
C) Vendors can avail a working capital loan of up to
Rs. 100000 which is repayable in monthly
installments in the tenure of one year.
D) There will be no penalty on early repayment of
loan.
E) The scheme promotes digital transactions through
cash back incentives up to an amount of Rs. 1000
per month
1.6) As per the Union Budget 2022, Udyam, e-
shram, National Career Service and Atma Nirbhar
Skilled Employee Employer Mapping (ASEEM) portals
to be interlinked. These portals are related to which
of the following ministry?
A) Ministry of Skill Development and
Entrepreneurship
B) Ministry of Finance
C) Ministry of Commerce and Indsutry
D) Ministry of Micro, Small and Medium Enterprises
E) Ministry of Corporate A?airs
1.7) Sagarmala is a central government programme,
that has been  enhanced the estimated cost of
around  to________for development of 1,537 projects
in the country
A) Rs 3.5 lakh crore
B) Rs 4.5 lakh crore
C) Rs 7.5 lakh crore
D) Rs 5.5 lakh crore
E) Rs 6.5 lakh crore
1.8) Ministry of Culture and Ministry of T extiles are
organizing “Jharokha-Compendium of Indian
handicraft/ handloom, art, and culture”. It will be
held at 16 locations in how many states and UT s?
A) 9 B) 11 C) 13 D) 15 E) 8
1.9) Which union minister has launched a  90-day
campaign  ‘Azadi Se Antyodaya T ak’ on 28 April
2022?
A) Narayan Rane B) Giriraj Singh
C) Ashwini Vaishnaw D) Nitin Gadkari
E) Narendra Modi
1.10) Which among the following is true with respect
to the One Nation One Ration Card Scheme?
I. The bene?ciary will be able to buy
subsidized foodgrains from any FPS across the
country.
II. The bene?ciary will be able to buy
foodgrains free of cost from any FPS
across the country.
III. Based on a technological solution, a
bene?ciary will be identi?ed through biometric
authentication.
A) Only I B) Only II
C) Only III D) Both II and III
E) Both I and III
1.11)
Amid a sharp increase in global fertilizer prices,
Finance Minister Nirmala Sitharaman announced that
the government will provide an additional fertilizer
subsidy to farmers to help them cope with the price
increase. With this, the government's total fertilizer
RBI GRADE B PHASE I 2022 QUESTION PAPER WITH 
SOLUTIONS
subsidy is expected to reach _____________in the
current ?scal year 2022-23.
A) Rs 1.15 lakh crore
B) Rs 1.50 lakh crore
C) Rs 3.15 lakh crore
D) Rs 2.15 lakh crore
E) None of the above
1.12) Consider the following statements
regarding  negative yield bonds. 1.  These are debt
instruments that o?er to pay the investor a maturity
amount lower than the purchase price of the bond. 2.
It can be issued by Government only. 3. Investors
pay interest to the borrower to keep their money
with them. Which of the statements given above
is/are correct?
A) 1 and 2 only B) 1 and 3 only
C) 1, 2 and 3 D) 3 only
E) 2 only
1.13) Which of the following is the ?rst country to
adopt UPI standards for its QR deployment, and the
?rst country in our immediate neighbourhood to
accept mobile-based payments through the BHIM
App?
A) Bangladesh B) Nepal
C) Bhutan D) Myanmar
E) None of these
1.14) The government has approved  the launch
of Bharat Bond Exchange Traded Fund (ETF) in order
to allow the investors to buy government debts.
Which of the following statement is not true
regarding Bharat Bond ETF? (Dec 2019)
A) It is India’s ?rst corporate bond exchange traded
fund
B) An Exchange-Traded Fund (ETF) is a basket of
securities that trade on an exchange, just like a
stock.
C) Each ETF will have a ?xed maturity date and
initially, they will be issued in two series, of 3 years
and 5 years
D) The small unit size of the ETF is Rs.1,000
E) None of the above
1.15) Who among the followings has been appointed
as the President of the Financial Action T ask Force
(FATF) in March 2022?
A) Roger Wilkins B) Santiago Otamendi
C) Juan Manuel Vega-
Serrano
D) T Raja Kumar
E) Neeli Bendapudi
1.16) Recently in May, India has signed a Joint
Declaration of Intent (JDI) on Forest Landscape
Restoration with _____________. 
A) Germany B) Australia
C) Bhutan D) Nepal
E) Bangladesh
1.17) Debt Recovery Tribunals which were set up
after the passing of Recovery of Debts due to Banks
and Financial Institutions Act (RDBBFI), 1993. This
Act was amended in?
A) 2016 B) 2014 C) 2015 D) 2017 E) 2018
1.18) The Reserve Bank has announced a hike in
cash reserve ratio (CRR) by 50 basis points to
________ per cent, e?ective May 21, 2022.
A) 3.5% B) 4% C) 4.5% D) 5% E) 3.9%
1.19) Consider the following statements with
reference to Organisation for Economic Co-operation
and Development (OECD): 1.  OECD is an o?cial
Permanent observer to the United Nations and is
referred to as a think-tank or as a monitoring group.
2. India is not a member of OECD. 3. OECD is funded
by its member countries. Which of the statement
given above is/ are correct?
A) 1 only B) 1 and 2 only
C) 2 and 3 only D) 1, 2 and 3
E) 2 only
1.20) Which of the statement regarding EPFO is
correct?
1. The Employees' Provident Fund 
Organization (EPFO) has set the interest rate 
on Provident Fund Deposits for 2021-22 at 
8.1%, down from 8.5% in the previous ?scal 
year 2020-21
2. The EPFO provides the rate of interest only 
after it has been rati?ed by the government 
through the Finance Ministry
3. It comes under the purview of the Ministry 
of Labour and Employment.
A) 1& 2 are cofrrect B) 2 & 3 are correct
C) only 1 is correct D) all are correct
E) none of the above
1.21) Consider the following with respect to Atal
Pension Yojana, 1. It mainly focused on providing old
age security to the unorganized workers who are not
covered under any of the social security schemes. 2.
Contributions to the Atal Pension Yojana (APY) are
eligible for tax bene?ts similar to the National
Pension System (NPS). 3. Any individual aged
between 18 years to 40 years and have a bank
account are eligible for the scheme. Select the
correct answer using the codes below.
A) 1 and 3 only B) 2 and 3 only
C) 1 and 2 only D) Only 1
E) All of the above
1.22) Which of the following statements are correct 
regarding RBI's 1st bi-monthly monetary policy of 
2022-23 ?
1. India's gross domestic Product (GDP) 
growth at 7.4% for the FY23 
2. RBI has also hiked its Consumer Price Index 
(CPI) based in?ation forecast for FY23 to 5.7% 
3. This projection is on an assumption of crude 
oil (Indian basket) at $100 per barrel during 
FY23 and supply chain disruptions due to the 
ongoing Russia-Ukraine war 
A) Only 1 & 2 are correct
B) only 2 is correct
C) Only 2 & 3 are correct
D) Only 1 & 3 is correct 
E) all are correct
1.23) Parliament passed the Deposit Insurance and
Credit Guarantee Corporation (Amendment) Bill,
2021 ensuring that account holders get up to
________ within 90 days of the RBI imposing a
moratorium on the banks.
A) Rs. 15 lakh B) Rs. 10 lakh
C) Rs. 5 lakh D) Rs. 2 lakh
E) Rs. 12 lakh
1.24) Which of the following does not form the part
of the important information to be incorporated in
the Memorandum of Association as speci?ed in the
Companies Act, 2013 ?
A) The name of the company and the state in which
it is situated.
B) The objects for which the company is proposed to
be incorporated.
C) The rules, regulations and bye-laws for the
internal management of the company.
D) The liability of the members of the company,
whether limited or unlimited.
E) None of these
1.25) With reference to the National Monetisation
pipeline (NMP), consider the following statements.
1.  It is an e?ort to list out the government’s
infrastructure assets to be sold over the next four
years. 2. Currently, only assets of central
government line ministries and CPSEs in
infrastructure sectors have been included.
3.  Monetization through disinvestment and
monetization of non-core assets is also  included in
the NMP. Which of the statements given above is/are
correct?
A) 1 and 2 only B) 2 and 3 only
C) 1, 2 and 3  D) 1 and 3 only
E)  3 only
1.26) The Financial Stability Board (FSB), an
international body is hosted and funded by the
________.
A) International Monetary Fund
B) World Bank
C) Bank for International Settlements
D) Federal Reserve System
E) International Development Association
1.27) Which of the following statements is NOT true
regarding capital expenditure(s)?
A) Capital expenditure is transferred to trading and
pro?t and loss account.
B) Capital expenditures are spread over more than
one accounting period.
C) Capital expenditure bene?ts more than one
accounting year.
D) Capital expenditure is incurred to acquire ?xed
assets for operation of business.
E) All of the above
1.28) Paytm is the second-largest ?ntech IPO of
2021 globally, after Allfunds. What is the name of
parent company of Patym?
A) Alphabet Inc. B) Bundl T echnologies
C) One97 CommunicationsD) Beats Electronics
E) Exor
1.29) What is true about regional rural bank (RRB)
A) Created under the Banking Regulation Act, 1949.
B) It is owned by RBI and the Government of India.
C) Regional Rural banks caters to priority sector
lending only.
D) Main objective to develop rural economy by
providing credit facilities for the purpose of
development of agriculture, trade, commerce,
industry and other productive activities in the rural
areas.
E) All of these are correct
1.30) Which of the following bank has partnered
with TCS  T o Accelerate Its Digital Transformation?  
A) PNB B) ICICI C) HDFC D) SBI E) UBI
1.31) Which of the sector has emerged as the
largest producing sectors in India.
A) T ertiary sector B) Primary sector
C) Secondary sector D) None of these
E) Both 1 and 2
1.32) Who has announced that ‘Kavach’ System, the
anti-collision test conducted by the Indian Railways
to check the indigenous developed system to avoid
rail accidents is successful?
A) Ashwini Vaishnaw B) Rajeev Chandrasekhar
C) Nitin Gadkari D) Ravi Shankar Prasad
E) Narendra Modi
1.33) Currently, __________ Khadi Gramodyoga
Samyukta Sangha is the only unit in India that is
authorized to manufacture and supply the Flag of
India.
A) Madhya Pradesh B) Uttar Pradesh
C) Maharashtra D) Karnataka
E) Kerala
1.34) A Large Area Soft X-ray Spectrometer (CLASS),
a payload on-board which Orbiter, has detected solar
proton events which signi?cantly increase the
radiation exposure to humans in space?
A) Mangalyaan 2 B) Shukrayaan-1
C) Aditya-L1 D) Chandrayaan-2
E) Gaganyaan-2
1.35) BIMSTEC was formed on which date?
A) 6th June 1997 B) 6th June 1987
C) 6th June 1977 D) 6th June 1967
E) 6th June 1998
1.36) Cyclone ‘Asani’ was recently seen in news. The
name ‘Asani’ is given by which country?
A) Bhutan B) Nepal
C) Sri Lanka D) Pakistan
E) England
1.37) Wings India 2022, Asia's largest event on civil
aviation recently concluded in Hyderabad. Which of
the following airport won the "Aviation Sustainability
& Environment" category? 
A) Sardar Vallabh Bhai Patel International Airport,
Ahmedabad
B) Veer Savarkar International Airport, Port Blair
C) GMR Hyderabad International Airport, Hyderabad
D) Kempegowda International Airport
E) Chhatarpati Shivaji Maharaj International Airport,
Mumbai
1.38) The currency exchange rate system in which
the exchange rate is determined by demand and
supply of currency in the foreign exchange market is
called 
A) Fixed exchange rate
B) Managed exchange rate 
C) Flexible exchange rate 
D) Dual Exchange rate
E) Flexible Variable rate 
1.39) Who won a gold medal in the ?nals of the 50-
metre ri?e three positions event at the Khelo India
University Games in Bengaluru?
A) Aryan Panchal
B) Sartaj Singh Tiwana
C) Govind Sunil Mahajan
D) Mandeep Singh
E) Surinder Singh
1.40) Who has been appointed as the ?rst-ever
Chief T echnology O?cer (CTO) of the Central
Intelligence Agency (CIA)?
A) Dinesh Prasad Saklani 
B) Ravinder S. Bhalla 
C) Nimi McConigley
D) Nand Mulchandani
E) Manoj Ahuja
1.41) Choose the incorrect options regarding
recently launched Laxmanrao Inamdar Fisheries
Incubation Center (LIFIC)?
A) Union Minister of Fisheries, Animal Husbandry, and
Dairying, Parshottam Rupala inaugurated LIFIC
B) The ?rst of its kind center in India, LIFIC was
launched in Gurugram, Haryana. 
C) The ?rst batch of incumbents are selected from 10
states.
D) LIFIC is launched in accordance with Pradhan
Mantri Matsya Sampada Yojana.
E) India is the 4th largest global exporter of ?sh
products.
1.42) In which city, the National Defence University
is located, which was dedicated to the nation by PM
Narendra Modi on 12 March 2022?
A)
Gandhinagar
B)
Pune
C)
Nagpur
D)
Ahmedabad
E)
Mumbai
1.43) In May 2022, ____________ has become the
100th unicorn to emerge from India, marking a
seminal moment for the Indian startup ecosystem.
A) Open
B) Cred
C) Spring Labs
D) Flywire
E) Digit
1.44) When is Coal Miners Day observed annually?
A) 3 May B) 4 May
C) 5 May D) 6 May
E) 7 May
1.45) First World Environment Day (WED) was
celebrated in which year ?
A) 1974 B) 1972
C) 1971 D) 1981
E) 1961
1.46) In December 2021, the central
government's  ?nancial inclusion scheme, Pradhan
Mantri Jan Dhan Yojana (PMJDY), has crossed
the______ mark  with a total balance of ?1,47,812
crore.
A)  24 crore B)  44 crore
C)  34 crore D)  14 crore
E)  54 crore
1.47) The central theme of Economic Survey 2021-
22 is the "__________".
A) Saving Lives and
Livelihoods
B) Agile Approach
C) Pro-Business D) Digital Transformation
E) None of these
1.48) NTPC has inked a pact with ____________  to
blend green hydrogen with piped natural gas (PNG).
A) Gujarat Gas Ltd B) Indraprasth Gas Limited
C) UPL Gasocons Pvt Ltd D) GAIL India Limited
E) SAIL India
1.49) Corporate Social Responsibility (CSR) means?
A) Complications of social life
B) Compliance of social and ecological responsibility
of the companies or organizations
C) Corporate life having social responsibilities
D) Corporate life having all social responsibilities to
be followed
E) None of These
1.50) Who is the author of the book 'monsoon'
published by Sahitya Akademi on the occasion of its
68th anniversary?
A) Vishnu Saxena B) Satyajit Ray
C) Nilotpal Mrinal D) Abhay K
E) Shubira Prasad 
1.51) The Ministry of Railways has signed an MoU
with which of the following for the modernization of
telecommunication facilities related to operations
and safety?
A) TRAI B) C-DAC C) BARC D) C-DOT E) DRDO
1.52) Which among the following states has highest
sex ratio in 2011?
A) T amil Nadu B) Andhra Pradesh
C) Karnataka D) Odisha
E) None of the above
1.53) The New Bank of India has been merged with
which bank?
A) State Bank of India B) Central Bank of India
C) Punjab National Bank D) Canara Bank
E) Union Bank of India
1.54)
Which of the following statement(s) regarding the 
Pradhan Mantri Awas Yojana (Urban) is/are true?
 
(i) The Government has approved the project for the 
construction of over 60,000 houses under the 
scheme in the next 5 years.
(ii) These 60,000 houses will be constructed across 
Andhra Pradesh, Chhattisgarh, Himachal Pradesh, 
Karnataka and Rajasthan.
(iii) The total number of sanctioned houses under the 
scheme stands at 114.07 lakh.
A) Only (ii)
B) Both (i) and (ii)
C) Both (i) and (iii)
D) Both (ii) and (iii)
E) All (i), (ii) and (iii)
1.55) Which among the following is not the function
of NABARD ?
A) T o provide re?nance assistance by way of short
term credit to state cooperative banks  and sectoral
rural banks, etc., approved by the RBI for some
speci?c purposes.
B) T o undertake inspection of cooperative societies
other than primary cooperative societies and RRBs. 
C) T o promote research in various aspects of the
problems of urban development.
D) T o subscribe to share capital or invest in securities
of any institution concerned with  agricultural and
rural development.
E) All are function of NABARD 
1.56) The central  government has decided to
increase foreign direct investment (FDI) limit in the
pension sector to _________ percent.
A) 64% B) 70% C) 74% D) 80% E) 81%
1.57) On 29th November 2021, Asian Development
Bank(ADB) approved a loan for Water Supply and
Sanitation in Uttarakhand, India. What was the
amount of loan sanctioned by the Asian
Development Bank(ADB)?
A) $75 Million B) $ 100 Million
C) $ 125 Million D) $150 Million
E) $200 Million
1.58) Which of the following is an example of
Contractionary Monetary Policy?
A) Decreasing the discount rate.
B) Raising the reserve requirement for banks
C) Purchasing government securities.
D) Both 2 & 3
E) All of the above
1.59) Which section of RBI act, 1934 deals with the
constitution and powers of Monetary Policy
Committee ?
A) Section 22 B) Section 24
C) Section 40 D) Section 45B
E) Section 45ZB
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FAQs on RBI Grade B Phase I - Question Paper with Answer Key (2022) - RBI Grade B Mock Test Series & Past Year Papers 2024 - Bank Exams

1. What is the RBI Grade B Phase I exam and what is its significance?
Ans. The RBI Grade B Phase I exam is the first stage of the selection process for the RBI Grade B officer position. It is conducted by the Reserve Bank of India (RBI) to recruit candidates for various positions in the banking sector. This exam is significant as it serves as the initial screening round to shortlist candidates for the further stages of the selection process.
2. What is the syllabus for the RBI Grade B Phase I exam?
Ans. The syllabus for the RBI Grade B Phase I exam includes subjects like General Awareness, English Language, Quantitative Aptitude, and Reasoning Ability. The General Awareness section covers topics related to current affairs, banking, and economic news. The English Language section assesses candidates' comprehension and language skills. Quantitative Aptitude tests candidates' numerical and mathematical abilities, while Reasoning Ability evaluates logical and analytical thinking.
3. How can I prepare for the RBI Grade B Phase I exam effectively?
Ans. To prepare effectively for the RBI Grade B Phase I exam, candidates should start by understanding the exam pattern and syllabus. They should create a study schedule and allocate sufficient time to each subject. Regular practice through mock tests and previous year question papers is crucial. Reading newspapers and staying updated with current affairs is also essential. Additionally, joining coaching classes or online courses can provide guidance and help candidates in their preparation.
4. Are there any negative marking in the RBI Grade B Phase I exam?
Ans. Yes, there is a negative marking scheme in the RBI Grade B Phase I exam. For each incorrect answer, one-fourth of the marks assigned to that question are deducted as a penalty. However, no penalty is imposed for unanswered questions.
5. How can I download the answer key for the RBI Grade B Phase I exam?
Ans. The answer key for the RBI Grade B Phase I exam is usually released by coaching institutes or unofficial sources. Candidates can visit the official websites of these coaching institutes or search for them online. It is important to note that the official answer key released by the RBI may differ from the unofficial ones.
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